Dr. William Maurer (“MAURER”) owns all rights to this patent pending Drain Hole Stimulation Technology and will grant the following types of licenses to this technology:
- None exclusive USE licenses will be granted to Operators for the right to use Drain Hole Stimulation Technology in oil and gas wells where they own a minimum of 50 percent of the mineral rights
- These non exclusive licenses will be granted for specific wells, fields, countries or other SPECIFIED TERRITORIES for specific time periods.
- Operators will pay MAURER per well fees on all wells where this technology is used
- Non exclusive or exclusive APPLICATION licenses will be granted to Service Companies to provide Drain Hole Stimulation Technology services to Operators for specific wells, fields, countries or other SPECIFIED TERRITORIES for specific time periods.
- Service companies will pay Dr. William Maurer per well fees on all wells where this technology is used.